Juwi signs contract for third project in Vietnam

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Juwi will provide engineering, procurement and construction (EPC) services to a 50 MW PV project to be located in Binh Dinh province, Vietnam, around 600 km northeast of Ho Chi Minh City. The German developer will also be responsible for operations and maintenance of the plant for at least the first two years after it is connected to grid.

The contract was signed with a consortium of French energy company Quadran International and investment company Truong Thanh Vietnam Group.

This project is the third signed by juwi, just a few weeks after it first entered the Vietnamese market. The company signed contracts for two solar plants of 50 MW and 30 MW capacity in Ninh Thuan province in southeastern Vietnam, bringing its total project pipeline in the country to 130 MW. All three projects are scheduled for completion in June 2019.

“For juwi, this project represents a continued commitment with international and Vietnamese project development partners in the exciting emerging market of Vietnam.” said Dr. Valerie Speth, juwi’s Regional Director for the Asia Pacific Region.

Vietnam is currently supporting large-scale solar through a FIT mechanism, which was launched in April 2017. Under the scheme, solar projects are granted a 20-year FIT rate of VND 2,086 ($0.090)/kWh.